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To: Gaffer

I thought in years gone by it was 2% for Visa, MC and Discover to the merchant and more like 3% or even 4% for AmEx which is why so many don’t accept it.

Not sure what the %’s are in 2015.


20 posted on 10/22/2015 8:25:34 AM PDT by Qwackertoo (Worst 8 years ever, First Affirmative Action President, I hope those who did this to us SUFFER MOST!)
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To: Qwackertoo

That could be.....I think the main thing is that AMEX was always higher than the rest.


27 posted on 10/22/2015 8:39:00 AM PDT by Gaffer
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To: Qwackertoo
Not sure what the %’s are in 2015.

These days, a small merchant can use Square:

Square's Payment Processing Fees and Pricing

It's 2.75% for swiped cards and online transactions (via their online portal). Period. No signup fees, no per-transaction fee. Manually-entered transactions are 3.5% + 15 cents.

And they accept most cards:

Accepted Cards (by Square)

You need an iPhone or Android phone, and Square's reader. Their mag-stripe reader is free, and their combination stripe/chip/contactless card reader will be $49, once it is available.

28 posted on 10/22/2015 8:40:37 AM PDT by justlurking
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